Post by Logan on Jun 30, 2016 20:31:41 GMT -6
Hawaii Hi Tech Darling Mbloom Collapses After Feds Arrest ‘Porn King’ in $60M Indian Tribe Ripoff
Devon Archer, Jason Galanis and others face securities-fraud charges related to alleged tribal bond scheme
…Federal prosecutors charged a former campaign adviser to Secretary of State John Kerry and a second man once dubbed by the media “porn’s new king” (Yep. This must be about Hawaii High Tech tax credits.) along with five others in an alleged scheme involving a Native American Tribal bond offering.
Devon Archer, an adviser to Mr. Kerry’s presidential campaign (Yep. This is just a scheme to enrich national Democrat activists at Hawaii taxpayers’ expense.) in 2004, and Jason Galanis, (Forbes: Galanis scams run from prison) a former investor in the adult-entertainment business, allegedly duped clients into investing more than $43 million in sham bonds issued in 2014 and 2015 by an affiliate of the Oglala Sioux Nation in South Dakota.
(Editor’s Note: Devon Archer is one of two principals of Hawaii’s latest high-tech darling, Mbloom. Seven days after these arrests CodeRebel filed for bankruptcy. Eight days after these arrests, half of Mbloom’s assets were spun off into Snap Ventures, LLC, now known as Reef Capital Ventures....and the story has been kept out of the local press from May 11 until now....)
Messrs Archer, Galanis and the five other defendants, including Mr. Galanis’s father, then allegedly diverted tens of millions of the bond investments to accounts they controlled and used them to purchase luxury goods and support an initial public offering for a technology company, authorities said.
Read more: hawaiifreepress.com/ArticlesMain/tabid/56/ID/17782/Hawaii-Hi-Tech-Darling-Mbloom-Collapses-After-Feds-Arrest-lsquoPorn-Kingrsquo-in-60M-Indian-Tribe-Ripoff.aspx
Devon Archer, Jason Galanis and others face securities-fraud charges related to alleged tribal bond scheme
…Federal prosecutors charged a former campaign adviser to Secretary of State John Kerry and a second man once dubbed by the media “porn’s new king” (Yep. This must be about Hawaii High Tech tax credits.) along with five others in an alleged scheme involving a Native American Tribal bond offering.
Devon Archer, an adviser to Mr. Kerry’s presidential campaign (Yep. This is just a scheme to enrich national Democrat activists at Hawaii taxpayers’ expense.) in 2004, and Jason Galanis, (Forbes: Galanis scams run from prison) a former investor in the adult-entertainment business, allegedly duped clients into investing more than $43 million in sham bonds issued in 2014 and 2015 by an affiliate of the Oglala Sioux Nation in South Dakota.
(Editor’s Note: Devon Archer is one of two principals of Hawaii’s latest high-tech darling, Mbloom. Seven days after these arrests CodeRebel filed for bankruptcy. Eight days after these arrests, half of Mbloom’s assets were spun off into Snap Ventures, LLC, now known as Reef Capital Ventures....and the story has been kept out of the local press from May 11 until now....)
Messrs Archer, Galanis and the five other defendants, including Mr. Galanis’s father, then allegedly diverted tens of millions of the bond investments to accounts they controlled and used them to purchase luxury goods and support an initial public offering for a technology company, authorities said.
Read more: hawaiifreepress.com/ArticlesMain/tabid/56/ID/17782/Hawaii-Hi-Tech-Darling-Mbloom-Collapses-After-Feds-Arrest-lsquoPorn-Kingrsquo-in-60M-Indian-Tribe-Ripoff.aspx